Projected growth of 9.1% in real terms in 2022, after a reversal in 2021 from the COVID-induced contraction of 16.5% in 2020

DUBLIN, July 28, 2022 /PRNewswire/ — The “South Africa Construction Market Report” report has been added to from ResearchAndMarkets.com offer.

South Africa has the third largest economy in Africa. Moreover, it is africa the most industrialized, technologically advanced and diversified economy.

The country’s relative macroeconomic stability, stable democratic government and well-developed infrastructure have created a dynamic investment environment and established its position as a strategic gateway to other markets in the Southern Africa region. and the rest of the African continent. Investing in infrastructure is a central pillar of the South African government’s post-COVID-19 economic recovery plans.

The 2022 budget allocated 812.5 billion rand (about US$51.7 billion) over the next three years for infrastructure investment. Massive government spending on major infrastructure projects is expected to lead to a construction boom in the country. This report provides an overview of the construction market in South Africa.

Summary

The country’s construction industry has also been one of the hardest hit by the disruptions of the COVID-19 pandemic in terms of employment, losing 259,118 jobs at the end of the third quarter of 2020.

As part of efforts to revive the economy from the devastation of the COVID crisis, the South African government is implementing a reconstruction and economic recovery plan backed by massive infrastructure investment – ​​with a pipeline of projects construction worth R340 billion in sectors such as energy, water, transport and telecommunications.

The government is also implementing a National Infrastructure Plan 2050 (NIP 2050). It aims to achieve an investment-to-GDP ratio of 30% to close the public infrastructure financing gap, which is estimated at R2,150 billion (approximately 140 billion US dollars) until 2040. NIP 2050 emphasizes blended project finance and public-private cooperation to finance the provision of public infrastructure.

The 2022 budget presented on February 23, 2022 allocated an amount of 812.5 billion rand (about US$45.3 billion) public sector infrastructure projects South Africaincluding the repair and replacement of existing dams, bridges and railways, and the development of the housing, energy, agriculture, transport, water and sanitation and digital infrastructure sectors .

South Africa The construction industry is expected to grow by 9.1% in real terms in 2022, following a turnaround in 2021 from the COVID-induced contraction of 16.5% in 2020. This report provides readers with a detailed analysis market, information and insight into South Africa. the construction industry, including industry trends and issues, as well as an analysis of key risks and South Africa has the third largest economy in Africa (after Nigeria and Egypt). However, it is africa the most industrialized, technologically advanced and diversified economy. According to the World Bank, the country has an upper-middle-income economy, one of eight Africa.

The South African construction sector is a key driver of socio-economic development and a key job multiplier. In 2021, the industry employed well over 1.2 million people. In addition, it added value of approximately R111 billion (approximately US$7.1 billion) to the gross domestic product (GDP) of the country.

The output of South Africa The construction industry has been badly hit by the coronavirus pandemic (COVID-19) outbreak, with the country imposing a strict six-week lockdown. This contributed to the sharp drop in the industry’s value added of 21.6% year-on-year (YoY) in the third quarter of 2020.

Main topics covered:

Foreword

1. Summary.

2. Country Overview in South Africa
2.1. Geography – Key Cities and Regions of South Africa
2.2. Economic Overview of South Africa
2.3. South Africa Budget 2022
2.4. Building expenses
2.4.1. Public Sector Spending vs. Private Sector Spending
2.4.2. Drivers of public sector spending
2.4.3. Drivers of Private Sector Spending
2.5. Main local and foreign indigenous actors

3. The South African construction industry
3.1. Size and structure of the construction industry in South Africa
3.1.1. Market Size and Forecast (by Value)
3.1.2. Market Size and Forecast (by Industry Sector)
3.2. Opportunities by sector
3.2.1. Transportation
3.2.2. Residential
3.2.3. Energy
3.2.4. Health
3.2.5. Water supply and treatment
3.2.6. commercial office building
3.2.7. Retail (malls, malls, etc.)
3.2.8. Hotels and tourism
3.2.9. Industrial and mining
3.3. The challenges of the construction industry in South Africa

4. How the South African construction market works
4.1. Competition
4.1.1. Entry barriers
4.1.2. Public procurement and bidding process
4.2. Industry supply chain
4.2.1. Building Materials – Capacity, Quality and Security of Supply
4.2.2. construction equipment
4.3. Tender Price and Construction Cost Trends
4.3.1. Tender Price Trends
4.3.2. Indicative construction costs
4.3.3. Construction input costs
4.4. Labor resources
4.4.1. Training and skills development
4.4.2. professional license
4.4.3. Skills shortage
4.4.4. Opportunities for foreign professionals
4.5. Contracts and Dispute Resolution
4.5.1. Contract forms
4.5.2. Contractual risks
4.5.3. Dispute settlement
4.6. Main government customers and target sectors
4.7. Main private sector players
4.7.1. Mining
4.7.2. sustainable energy
4.7.3. Commercial real estate

5. Do business in South Africa
5.1. Licenses for building contractors
5.2. Language
5.3. Corruption
5.4. Staff recruitment and retention
5.5. Health and security

6.Swot Analysis
6.1. Strengths and weaknesses
6.2. opportunities and threats

7. Future prospects
7.1. Construction industry forecast
7.2. Macroeconomic outlook
7.3. Political outlook

8. Industry Associations

9. Main contacts and websites

10. Company Profiles

• Alistair Group
• Rental of Atlas cranes
• Aveng
• Barlomonde
• Bosch Holdings
• Calgro M3
• Coastal rental
• concor
• Edwin Construction (Pty) Ltd
• ELB equipment
• Enza Construction
• Esor Limited
• Exr Construction
• Giuricich Bros Construction (Pty) Ltd
• Group Five Construction (Pty) Ltd
• H&I Engineering
• Hitachi
• Motheo Construction
• Raubex
• Stefanutti Stocks (Pty) Ltd
• The power group
• Whbo Construction (Pty) Ltd
• Wc Construction

For more information on this report, visit https://www.researchandmarkets.com/r/lq0srs

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